GE Vernova Inc. $GEV Shares Purchased by U.S. Capital Wealth Advisors LLC

by · The Markets Daily

U.S. Capital Wealth Advisors LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,229 shares of the company’s stock after acquiring an additional 2,029 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in GE Vernova were worth $7,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Voisard Asset Management Group Inc. grew its holdings in GE Vernova by 2.7% in the fourth quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after purchasing an additional 15 shares during the period. Northwest Wealth Management LLC grew its holdings in GE Vernova by 3.6% in the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after purchasing an additional 16 shares during the period. Sutton Place Investors LLC grew its holdings in GE Vernova by 3.1% in the fourth quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock valued at $347,000 after purchasing an additional 16 shares during the period. Washburn Capital Management Inc. grew its holdings in GE Vernova by 0.3% in the fourth quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $3,095,000 after purchasing an additional 16 shares during the period. Finally, Traphagen Investment Advisors LLC grew its holdings in GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock valued at $872,000 after purchasing an additional 17 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on GEV shares. Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and raised their price objective for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. BMO Capital Markets reissued an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a report on Thursday, January 29th. UBS Group reissued a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. Finally, Zacks Research raised GE Vernova from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $874.91.

Read Our Latest Stock Report on GEV

GE Vernova Price Performance

Shares of NYSE:GEV opened at $991.80 on Monday. The business’s 50 day moving average price is $847.25 and its 200-day moving average price is $702.58. The firm has a market capitalization of $266.66 billion, a PE ratio of 55.72, a P/E/G ratio of 3.90 and a beta of 1.43. GE Vernova Inc. has a 1 year low of $306.00 and a 1 year high of $999.43.

GE Vernova (NYSE:GEVGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

GE Vernova Profile

(Free Report)

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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